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Unlock the power of divergence analysis! Join Dave as he breaks down what a bearish momentum divergence is and why it matters. Throughout this video, Dave illustrates how to confirm (or invalidate) the signal on the S&P500, Nasdaq100, equal‑weighted indexes, semiconductors, and even defensive names like AT&T (T).

This video originally premiered on June 10, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

Unlock the power of divergence analysis! Join Dave as he breaks down what a bearish momentum divergence is and why it matters. Throughout this video, Dave illustrates how to confirm (or invalidate) the signal on the S&P500, Nasdaq100, equal‑weighted indexes, semiconductors, and even defensive names like AT&T (T).

This video originally premiered on June 10, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

Joe kicks off this week’s video with a multi‑timeframe deep dive into the 10‑year U.S. Treasury yield (TNX), explaining why a sideways coil just below the 5% level could be “downright scary” for equities. From there, he demonstrates precise entry/exit timingwith a combination of ADX, MACD, and RSI. Joe also covers the short-term divergence developing in the QQQ, takes a look at the IWM, and wraps up with some analyses of this week’s viewer symbol requests, including INTC, MU, and more.

The video premiered on June 11, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, with online stores of major U.S. retailers putting up “out of stock” signs.

The record-breaking start for the company’s first new console in eight years, puts Nintendo on the path to realizing its aim of selling 15 million units of the Switch 2 console in the fiscal year ending March 2026.

However, analysts continue to believe that those expectations are modest, and forecast the strong initial demand to sustain.

“The market expected a record from Nintendo, and as it turns out, Nintendo delivered,” Serkan Toto, CEO and founder of gaming industry consultancy Kantan Games, told CNBC.

“All signals prior to launch pointed to significant demand, and I believe we will see further records broken over the next weeks or months,” he added.

Toto has maintains that the Switch 2 will sell over 20 million units in its first 12 months. David Gibson, senior research analyst at MST Financial told CNBC that he expects 20 million sales for the year ending March 2026.

The Switch 2, which was released on June 5, has been met with much fanfare, with people lining up for hours ahead of midnight releases at Nintendo stores.

“Fans around the world are showing their enthusiasm for Nintendo Switch 2 as an upgraded way to play at home and on the go,” Nintendo of America President and Chief Operating Officer Doug Bowser said in a statement, adding the company was thankful for the response.

Tokyo-listed shares of Nintendo, which have gained nearly 30% so far this year, were down 3.5% on Wednesday, LSEG data showed. The company has seen its shares rise nearly fivefold since the original Switch debuted in early March 2017.

It remains to be seen if the Switch 2 can recapture the magic of its predecessor, which had set the bar with 15 million unit sales in its first year. It went on to sell more than 152 million units to become the second-highest selling Nintendo device ever, behind the Nintendo DS.

The record initial sales of the Switch are in line with the strong demand analysts had predicted. However, the rush has put into question Nintendo’s ability to meet demand.

Retailers including Walmart, GameStop, Target and Best Buy were out of stock of the consoles, their online stores showed Wednesday.

In April, Nintendo’s Bowser told CNBC that the company had been working with “retail partners to ensure there’s ample supply for not only the launch weekend, but well beyond.”

However, Nintendo President Shuntaro Furukawa stated the same month that 2.2 million people in Japan had entered the lottery to purchase the Switch 2 on launch day, exceeding expectations and what the company had initially planned to deliver to stores.

Kantan Games’ Toto said shortages in Japan were expected to persist, but would be less impactful elsewhere.

“Except for Japan where demand for Switch 2 is extraordinarily high, it looks like fans who really want the console and invest time in trying to secure one actually can get one,” he said. “It might take a while, but as far as can be monitored, supply seems to be more robust than around the launch of the original Switch in 2017.”

President Donald Trump’s “reciprocal tariffs” on most countries around the world also present headwinds for the Switch 2.

In April, the company announced that it would delay preorders of the Switch 2 in the U.S. while it considers the impact of tariffs.

The Switch 2 retails for $449 in the U.S., which makes it Nintendo’s priciest console to date.

Nintendo’s Bowser said in April the company was going to “monitor where tariffs are going” before making any further decisions on price hikes.

MST Financial’s Gibson said that a resolution to Trump’s tariffs and lower duty rates could see the Switch 2 prices drop in the U.S.

The Switch 2 builds on the success of the original Switch, featuring a larger screen and improved performance. The system also introduces the new GameChat2 feature, which allows players to voice or video chat with friends online and share game screens.

This post appeared first on NBC NEWS

Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, with online stores of major U.S. retailers putting up “out of stock” signs.

The record-breaking start for the company’s first new console in eight years, puts Nintendo on the path to realizing its aim of selling 15 million units of the Switch 2 console in the fiscal year ending March 2026.

However, analysts continue to believe that those expectations are modest, and forecast the strong initial demand to sustain.

“The market expected a record from Nintendo, and as it turns out, Nintendo delivered,” Serkan Toto, CEO and founder of gaming industry consultancy Kantan Games, told CNBC.

“All signals prior to launch pointed to significant demand, and I believe we will see further records broken over the next weeks or months,” he added.

Toto has maintains that the Switch 2 will sell over 20 million units in its first 12 months. David Gibson, senior research analyst at MST Financial told CNBC that he expects 20 million sales for the year ending March 2026.

The Switch 2, which was released on June 5, has been met with much fanfare, with people lining up for hours ahead of midnight releases at Nintendo stores.

“Fans around the world are showing their enthusiasm for Nintendo Switch 2 as an upgraded way to play at home and on the go,” Nintendo of America President and Chief Operating Officer Doug Bowser said in a statement, adding the company was thankful for the response.

Tokyo-listed shares of Nintendo, which have gained nearly 30% so far this year, were down 3.5% on Wednesday, LSEG data showed. The company has seen its shares rise nearly fivefold since the original Switch debuted in early March 2017.

It remains to be seen if the Switch 2 can recapture the magic of its predecessor, which had set the bar with 15 million unit sales in its first year. It went on to sell more than 152 million units to become the second-highest selling Nintendo device ever, behind the Nintendo DS.

The record initial sales of the Switch are in line with the strong demand analysts had predicted. However, the rush has put into question Nintendo’s ability to meet demand.

Retailers including Walmart, GameStop, Target and Best Buy were out of stock of the consoles, their online stores showed Wednesday.

In April, Nintendo’s Bowser told CNBC that the company had been working with “retail partners to ensure there’s ample supply for not only the launch weekend, but well beyond.”

However, Nintendo President Shuntaro Furukawa stated the same month that 2.2 million people in Japan had entered the lottery to purchase the Switch 2 on launch day, exceeding expectations and what the company had initially planned to deliver to stores.

Kantan Games’ Toto said shortages in Japan were expected to persist, but would be less impactful elsewhere.

“Except for Japan where demand for Switch 2 is extraordinarily high, it looks like fans who really want the console and invest time in trying to secure one actually can get one,” he said. “It might take a while, but as far as can be monitored, supply seems to be more robust than around the launch of the original Switch in 2017.”

President Donald Trump’s “reciprocal tariffs” on most countries around the world also present headwinds for the Switch 2.

In April, the company announced that it would delay preorders of the Switch 2 in the U.S. while it considers the impact of tariffs.

The Switch 2 retails for $449 in the U.S., which makes it Nintendo’s priciest console to date.

Nintendo’s Bowser said in April the company was going to “monitor where tariffs are going” before making any further decisions on price hikes.

MST Financial’s Gibson said that a resolution to Trump’s tariffs and lower duty rates could see the Switch 2 prices drop in the U.S.

The Switch 2 builds on the success of the original Switch, featuring a larger screen and improved performance. The system also introduces the new GameChat2 feature, which allows players to voice or video chat with friends online and share game screens.

This post appeared first on NBC NEWS

Here’s a look at the life Friedrich Merz, chancellor of Germany.

Personal

Birth date: November 11, 1955

Birth place: Brilon, Germany

Birth name: Joachim-Friedrich Martin Josef Merz

Father: Joachim Merz, judge

Mother: Paula Sauvigny

Marriage: Charlotte Gass (1981-present)

Children: Three

Education: Studied law at the University of Bonn and the University of Marburg, graduating in 1985.

Military service: 1975–1976

Religion: Catholic

Other Facts

Merz has a hardline stance on migration. He has called for asylum-seekers arriving from other European Union member states to be rejected at Germany’s land borders.

Merz has criticized liberal welfare benefits. He has promised to slash welfare spending, telling The Economist in a rare sit-down interview in the lead-up to the election that he wants to avoid “paying people who are not willing to work.”

In 2003, Merz argued that German tax rules should be simple enough to calculate on the back of a beer coaster.

Merz is an amateur pilot.

Timeline

1972 – Joins the Christian Democratic Union (CDU).

1985-1986 – Judge at Saarbrücken District Court.

1986-1989 – Lawyer for the German Chemical Industry Association.

1989 – Is elected to the European Parliament.

1994 – Wins a seat in the Bundestag.

2000 – Loses to Angela Merkel in a CDU party leadership election.

2009 – Merz leaves the Bundestag and joins the private sector, working as a lawyer.

2021 – Returns to his previous seat in the Bundestag.

January 2022 – After two failed bids for CDU party leadership, in 2018 and 2021, Merz is selected to lead the party.

February 23, 2025 – CDU and its sister party wins the federal election. Merz will likely be the next chancellor of Germany.

April 9, 2025 – Announces he will form a coalition with the center-left Social Democrats (SPD).

May 6, 2025 – Merz is approved as chancellor of Germany. He had fallen six votes short earlier in the day.

This post appeared first on cnn.com

Syria issued a conservative new dress code Tuesday requiring women to wear burkinis or full-body swimwear on all public beaches, the latest cultural shift since Islamist-led rebels toppled dictator Bashar al-Assad’s regime last December.

The Tourism Ministry said the new guidelines were made in “the requirements of public interest.”

“Visitors to public beaches and pools, whether tourists or locals, are required to wear appropriate swimwear that takes into account public taste and the sensibilities of various segments of society,” Tourism Minister Mazen al-Salhani said in a directive posted to Facebook.

“More modest swimwear is required at public beaches and pools (burkinis or swimsuits that cover more of the body),” said the directive, adding, “When moving between the beach and other places, it is necessary to wear a beach cover-up or loose-fitting robe (for women) over swimsuits.”

Men are required to wear shirts under the new guidance, which says that “topless clothing is not permitted in public areas outside of swimming areas, hotel lobbies, and food service areas.”

“In public areas outside of beaches and pools, it is preferable to wear loose clothing, covering shoulders and knees, and avoid transparent or overly tight clothing,” according to the directive.

However, the ministry said that in resorts and hotels “classified as international and premium (4-star)” and in private beaches and swimming pools ”typical Western swimwear is permitted.”

It’s unclear what repercussions people who do not follow the guidelines will face, but the ministry said that “lifeguards and beach supervisors” would monitor people to ensure compliance.

The new regulations reflect the influence of Hayat Tahrir al-Sham (HTS), the Islamist coalition now leading Syria’s transitional government. Formerly known as Al-Nusra Front, HTS is designated as a terrorist group by the US and UK.

Interim Syrian President Ahmad al-Sharaa, who signed the dress-code directive, led HTS in the lightning offensive that led to the fall of Assad, whose regime had been in power for several decades.

In March, al-Sharaa signed an interim constitution mandating Islamist rule for a transitional phase of five years. Al-Sharaa said in December that rewriting Syria’s constitution might take three years, with elections potentially taking place within five years.

The US-based Human Rights Watch said in March that Al-Sharaa’s “broad authority raises serious concerns about the durability of the rule of law and human rights protections unless clear safeguards are put in place.”

Tourism Minister al-Salhani, who recently courted Qatari and Saudi investors for tourism projects worth “billions of dollars,” framed the rules as respecting Syria’s cultural, social, and religious diversity.”

The announcement comes amid a push to revive Syria’s tourism industry following the lifting of US sanctions in May 2025 – a move US President Donald Trump described as a “chance at greatness” for Syria.

This post appeared first on cnn.com

Argentina’s top court effectively banned two-term former President Cristina Fernández de Kirchner from office and upheld a six-year jail sentence, likely drawing a curtain on one of the country’s most flamboyant and divisive political careers.

Kirchner, 72, a polarizing opposition figure and leftist president from 2007 to 2015, was convicted by a trial court in 2022 for a fraud scheme that steered public road work projects in the Patagonia to a close ally while she was president.

The ruling scuppers Kirchner’s plans to run in Buenos Aires provincial legislative elections, but could galvanize her divided Peronist opposition coalition, which has been licking its wounds since being ousted in 2023 by current libertarian President Javier Milei.

The Supreme Court’s three judges rejected Kirchner’s appeal and left in effect an appellate court decision that had upheld the guilty verdict. A lower court will decide whether to grant Kirchner house arrest due to her age.

“The complaint is dismissed,” the Supreme Court said in a ruling. Kirchner has denied wrongdoing and claims she is a victim of political persecution.

In Buenos Aires, her supporters blocked roads across the city. Some banged on drums. Others carried banners with the image of Evita Perón, the wife of Juan Perón, the founder of the political movement who was known as a defender of the poor.

“A triumverate of unpresentables,” Kirchner said of the Supreme Court judges after the ruling, speaking before thousands of supporters who rallied in downtown Buenos Aires outside the headquarters of her Peronist Justicialista party.

Kirchner’s shadow looms large over the Peronist movement, which needs to identify a new generation of leaders.

“The fact that she goes to jail and can’t be a candidate doesn’t eliminate her political movement,” said political analyst Carlos Fara. “Obviously though it won’t be the same.”

A government source said that it could both weaken or strengthen the opposition. Peronism “can either entrench itself or break into a thousand pieces,” the person told Reuters.

Justice?

Prosecutors accused Kirchner of directing hundreds of millions of dollars to construction magnate Lázaro Báez. During her government and that of her late husband, Néstor Kirchner, companies tied to Báez were awarded dozens of government contracts for roadwork projects in Patagonia but nearly half of them were abandoned, prosecutors said.

Báez and other officials were sentenced to prison terms.

Peronism and Kirchner’s popularity have suffered in recent years. She served as vice president in 2019 under President Alberto Fernández, whose government oversaw a slide into economic crisis by overprinting pesos that led to sharp spike in inflation.

But she has still been able to maintain a hardcore support base, particularly from working-class voters who relied on government subsidies under her and her husband’s governments.

“As a figure she’s not been overshadowed on the political scene by anyone,” said Carolina Barry, an expert on Peronism at the Universidad Nacional de Tres de Febrero in Buenos Aires. “Her words resonate with many groups.”

Kirchner has been sharply critical of Milei’s austerity, accusing him of cutting pensions and defunding public education. Milei has shot back that he would “love to bang the last nail in the coffin of Kirchnerismo, with Cristina Kirchner inside.”

“Justice,” wrote Milei on X after the verdict on Tuesday.

Alejandro Carrió, a constitutional and criminal law expert in Buenos Aires, said that even if Kirchner serves the sentence under house arrest, it was unclear “if with time she’ll lose the clear leadership she’s held for years.”

Kirchner faces charges in several other criminal cases and is scheduled to stand trial in November on accusations that she led a large-scale bribery scheme.

She’s not the first Argentine president to face a criminal conviction, joining, among others, former President Carlos Menem, who was sentenced to over four years in prison for embezzlement of public funds during his presidency in the 1990s. As a senator, congressional immunity protected him from prison.

This post appeared first on cnn.com

Hundreds of masked rioters attacked police and set homes and cars on fire in the Northern Irish town of Ballymena on Tuesday in the second successive night of disorder that followed a protest over an alleged sexual assault in the town.

Police said they were dealing with “serious disorder” in the town, which is about 45 km (30 miles) from the capital Belfast, and urged people to avoid the area.

Officers in riot gear and driving armoured vans responded with water cannon and plastic baton rounds after being attacked by petrol bombs, scaffolding and rocks that rioters gathered by knocking down nearby walls, a Reuters witness said.

One house was burned out and a police officer vomited after leaving another in a different part of the town that rioters had attempted to set alight, the witness added.

A number of cars were set on fire and one lay upside down in flames as police sirens blared throughout the town past midnight.

Four houses were damaged by fire and windows and doors were smashed in other homes and businesses in the first night of rioting on Monday, in what police said they are investigating as racially-motivated hate attacks.

Hundreds of protesters had gathered in Ballymena earlier on Monday in response to a case involving two teenage boys who appeared in court that day, accused of sexually assaulting a teenage girl in the County Antrim town.

Local media reported that the charges were read to the teenagers via an interpreter.

Fifteen police officers were injured on Monday, with some requiring hospital treatment.

Separate protests on Tuesday had earlier blocked off some roads in Belfast, another Reuters witness said, but no unrest was reported in other parts of the British-run region.

The British government and local politicians condemned the violence.

“The terrible scenes of civil disorder we have witnessed in Ballymena again this evening have no place in Northern Ireland,” Britain’s Northern Ireland Minister Hilary Been said on X.

This post appeared first on cnn.com

In the heat of the Jamaican sun, where the wetlands glisten and buzz with life, an ancient predator is vanishing.

There are around 28 species of crocodiles found throughout the world’s tropical and subtropical regions. But there is only one species in Jamaica, found primarily along the southern coast from St. Thomas to Westmoreland.

Once revered and feared across the island, the American crocodile (Crocodylus acutus) has long ruled the mangroves and coastal lagoons.

But in recent years, its population has been decimated, due to illegal hunting, habitat loss and plastic pollution, as well as killings prompted by a lingering fear among locals.

Lawrence Henriques has made it his life’s mission to change that.

Known as “The Crocodile Guardian,” Henriques has spent the past four decades fighting for their survival.

He runs the Holland Bay Crocodile Sanctuary, a grassroots conservation project in the southeast of the island, perched on the edge of what he says is one of Jamaica’s last viable crocodile habitats.

From this remote corner of the island, he’s trying to undo years of damage: nursing sick crocs back to health, raising juveniles and restoring their numbers in the wild.

“There’s a real fear of crocodiles in Jamaica,” says Henriques. “They’re not tolerated by a lot of people. So if one turns up in someone’s backyard, it’s often killed for meat or just because people are afraid.”

Although crocodiles are often seen as aggressive and dangerous, attacks are few and far between. While reliable figures are hard to come by, according to the global database CrocAttack, there have been 11 incidents reported over the past decade in Jamaica, including one fatality in 2018.

That’s why Henriques is working to change the narrative about the animal and help people understand that they are far less threatening than their reputation suggests.

Born and raised in the Jamaican capital, Kingston, during the 1960s, Henriques always had a penchant for “creepy crawlies,” such as spiders, scorpions and snakes.

But it was crocodiles that truly captured his attention.

“We had a lot more crocodiles and a lot more habitat in those days,” he recalls. “I always had a half a dozen or so baby crocodiles rearing in my bedroom.”

That fascination eventually became a vocation. After studying overseas and learning more about reptiles when working with the Scientific Exploration Society, a UK charity, in Belize, Henriques returned to Jamaica in 1980. He was startled to find that despite crocodiles being classified as endangered in 1971 under the Wildlife Protection Act, there was little practical conservation happening.

“The laws were there, but nobody was doing anything,” he says. “The environmental agency was very under-resourced and still is to this day. And there was nobody really with expertise or knowledge on reptiles.”

A sanctuary on the edge

Henriques volunteered to assist the Jamaican government, carrying out crocodile rescues and providing rehabilitation, all while holding down a job in the citrus industry.

He continued like this for almost 20 years, before a brief relocation to London, UK. When he returned to Jamaica in 2010, he launched what would become the Holland Bay Crocodile Sanctuary — a facility dedicated to rescue, rehabilitation and public education.

The sanctuary, which lies on the edge of a wetland, is home to 27 adult crocodiles along with 18 baby crocs. The juvenile crocs have been bred on site and are typically released into the wild after three years, while the adults have been rescued and rehabilitated after being hit by cars, caught in traps, or found living in squalid conditions. Over the past three years, around 90 have been successfully released back into the wild according to Henriques.

One of the crocodiles living at the sanctuary currently is Xena, who was discovered guarding her eggs in an area littered with trash, her skin slimy and her teeth gray from pollution.

Savannah Boan, an international ambassador from Gatorland Global, the conservation arm of the Florida-based wildlife park which helps to fund the sanctuary, says that since being relocated, Xena’s skin has healed and her teeth are white again. Her babies have also been raised at the facility and released into safe areas, helping to boost wild populations of the species.

Black market

Despite legal protections, crocodiles in Jamaica face growing threats. Poaching is rampant, often driven by demand for meat or misguided fear, according to officers from the country’s National Environment and Planning Agency (NEPA).

“Poaching is definitely a huge problem,” says Leighton Mamdeen, an environmental officer at NEPA. “We try to limit it through enforcement measures such as regular monitoring and we partner with the Jamaica Constabulary Force and the Jamaica Defence Force to do patrols.”

According to media reports, there is a thriving black market for crocodile meat and eggs in Jamaica, with the meat sold for as much as 5,000 Jamaican dollars ($31) a pound (450 grams) – more than 10 times the price of chicken meat.

This could stem from a widespread misconception in some rural communities that crocodile meat has aphrodisiac properties.

Damany Calder, another environmental officer at NEPA, says he has noticed a troubling pattern during callouts, when crocodiles are discovered with their tails removed.

“There’s a rumour about the crocodile tail… it’s (used) either for sexual performance, fertility or longevity,” he says.

In other cases, crocodiles have been found in backyard ponds, kept as pets, or used as props for TikTok stunts or music videos. There was even a time when a small live crocodile was found stuffed in a broken fridge, says Calder. He believes it may have been part of a ritual referred to as Obeah, a Jamaican religious tradition similar to voodoo.

Social media videos have occasionally resulted in prosecutions but only if culprits are caught in the act, Calder says. Individuals found guilty of killing crocodiles may be charged a maximum fine of $100,000 or face one-year imprisonment.

“The police are heavily involved, and they’re trying to improve the penalties,” says Henriques.

“But like everything else, it’s catching the person and proving it in court. It’s a very long, drawn-out process.”

Habitat erased

Development is another killer.

Jamaica’s mangroves and wetlands are currently being cleared for tourism and residential development according to The Forestry Department. This affects the country’s coastal resilience, as mangroves reduce wave energy and storm surges, helping to prevent flooding, and it damages biodiversity, as they are serve as nurseries for fish and provide essential habitat for species like crocodiles.

As this territory shrinks, crocodiles are forced closer to humans.

“These animals are ending up in places they’ve always lived,” Henriques says. “But now those places are towns and roads … We’ve taken their habitat.”

To Henriques, the crocodile isn’t a menace — it’s a keystone species that has been on the island for millions of years. It even features on the Jamaican coat of arms, which shows a crocodile perched atop a royal helmet and mantling, designed to symbolize the island’s unique wildlife and natural heritage.

“They’re like engineers of the ecosystem,” he says. “They dig channels, control fish populations and keep the wetlands healthy.”

He explains that the presence of these apex predators helps to regulate biodiversity within aquatic ecosystems by controlling prey populations and creating microhabitats that support various flora and fauna.

But Henriques warns that because of poaching and habitat loss, the island no longer has many large male crocodiles left along the coastline: “Most now are smaller. It’s a serious shift.”

“What’s happening in Jamaica reflects a global pattern — wetland species are disappearing, and with them, the health of the entire ecosystem,” he adds.

Changing minds, one school at a time

Despite the challenges, there’s a cautious sense of hope.

Henriques and NEPA have ramped up community outreach and education programs, especially in areas near crocodile habitats.

“One of the most impactful things we’ve done is visit schools,” says Mamdeen. “If you start with the kids, you’ll have a greater chance of securing the animal’s future.”

When reports of a crocodile in a pool of water near a school caused panic among parents and children, NEPA directed its outreach efforts toward local students.

“We told them: crocodiles would rather run (from you) than rush (towards) you,” he says. “If you’re near water at night, walk with a stick. If the animal is touched, it moves.”

Henriques added: “People are beginning to understand these animals have a place … They’re not pests. They’re survivors.”

Still, the sanctuary is one of only a few conservation efforts on the island, and without continued support, Henriques fears Jamaica’s crocodiles may not survive the next few decades.

“We can’t afford to lose them,” he says. “They’ve been here longer than we have. They’re part of this land.”

This post appeared first on cnn.com